Cybersecurity – Chartered IIA’s Risk in Focus Survey
Challenges in 2020, including a global pandemic and social unrest, Cybersecurity & Data security risks remain top-of-mind for Chief Audit Executives & audit committee.
79% of survey respondents citing this issue as a top priority as employees shift to remote work during the COVID-19 pandemic.
Employees are no longer protected by the security features utilized in office environments, phishing attempts, and malware infections.
1. Risks associated with digitization, new technologies, and AI.
2. Increasingly aware of financial, capital, and liquidity risks as a recession looms.
3. Bribery, fraud, and other financial crime, as well as supply chain, outsourcing are CAE’s risk radars
Regarding cybersecurity, the group recommends introducing new IT protocols to remote work arrangements, including training employees on how to spot phishing and spear-phishing attempts.
Internal auditors can help lead assessments of gaps and inefficiencies within business operations to find cost-saving opportunities.
“Businesses are operating in extraordinary times and have had to adapt to new challenges this year like never before,” John Wood, Chief Executive-Chartered IIA